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Orrick Bonus Memo 2013

Orrick Bonus Memo 2013

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Published by david_lat
Bonus memo for Orrick Herrington and Sutcliffe.
Bonus memo for Orrick Herrington and Sutcliffe.

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Published by: david_lat on Jan 14, 2014
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05/14/2014

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OHSUSA:756086671.11-414127
M E M O R A N D U M T
O
 All US Associates, Managing Associates and Senior Associates
F
ROM
 Siobhan Handley, Tom Coleman and Laura Saklad
D
 ATE
 anuary 13, 2014
E
 2013 US Partner-Track Associate Bonuses We are pleased to inform you that we have completed our 2013 bonus process for all US Associates,Managing Associates and Senior Associates.
Bonus Criteria & Process
Our bonus program allows for our highest-performing associates to earn more in total compensation thanat competitor firms. Consistent with a merit-based system, individual bonuses vary based on eachassociate’s contributions using the bonus criteria as follows:
 work quality;
 productivity, which includes hours and efficiency;
 contribution to the practice group; and
 contribution to the Firm.In consultation with the PDC, each practice group determined merit bonuses for their associates basedupon these criteria. We do not have a strict hours requirement, however associates had the best chance of receiving a merit bonus if they had 1,900 client representation hours (billable, pro bono, and Orrick as aclient) plus a PDC rating of VG or E.
Bonus Outcome
 We are pleased to share that 74% of all US bonus eligible associates
1
received a bonus. For reference, thechart below shows the market scales
2
and Orrick’s maximum merit bonus potential by role and number of years in role.
1
 All associates, other than first year associates who started at the firm after June 30, 2013, were bonus eligible.
2
For NY, SF, SV, DC, LA, and OC, we used the 2013 NY market scale; for PO, SE, and SC, we used an adjusted scale consistent with the differential in our base salary scale.
 
 January 13, 2014Page 2
OHSUSA:756086671.11-414127
Position Class YearNY/SF/SV/DC/LA/OC PO/SE/SCMarket Scale Orricksmaximum meritbonus forrole/levelMarket Scale Orricksmaximum meritbonus forrole/levelSenior Associate Year 2+
 $60,000 $70,000 $54,000 $64,000
 Year 1
 $50,000 $60,000 $45,000 $55,000
Managing Associate Year 3
 $40,000 $50,000 $36,000 $46,000
 Year 2
 $34,000 $44,000 $30,600 $40,600
 Year 1
 $27,000 $37,000 $24,300 $34,300
 Associate Year 3
 $20,000 $25,000 $18,000 $23,000
 Year 2
 $14,000 $16,500 $12,600 $15,100
 Year 1
 $10,000 $12,500 $9,000 $11,500
Of those associates receiving a bonus, 37% are receiving a merit bonus that exceeds the market scale,broken down as follows:
 26% of Associates received an over-market bonus:
o
 19% received bonuses that exceeded the market by up to $2,500; and
o
 7% received bonuses that exceeded the market by $2,501-$5,000.
 42% of Managing Associates received an over-market bonus:
o
 30% received bonuses that exceeded the market by up to $5,000; and
o
 12% received bonuses that exceeded the market by $5,001-$10,000.
 46% of Senior Associates received an over-market bonus:
o
 37% received bonuses that exceeded the market by up to $5,000; and
o
 9% received bonuses that exceeded the market by $5,001-$10,000.

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